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Biden Signs $280B CHIPS Act in Bid to Boost US Manufacturing of Semiconductors
President Joe Biden signed a $280 billion bipartisan bill to boost domestic high-tech manufacturing, part of his administration’s push to boost U.S. competitiveness over China.
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Manufacturers Struggle to Keep Pace With Vinyl Record Demand
Demand for record albums continues to soar in the United States, and the manufacturing base is having to reinvent itself to meet demand.
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‘A Ghost Is Driving the Car' — My Peaceful and Productive Experience in a Waymo Self-Driving Van
Riding in a self-driving van underscored the potential of autonomous vehicles, which some believe will be a multitrillion-dollar market for investors.
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Tesla Should Accept That It Violated Labor Laws If Elon Musk Is Serious About Inviting the UAW to Organize Workers, Union Chief Ray Curry Says
The UAW president said such an action would be a “good faith effort” and “demonstrate a commitment to the workers of the facility” in Fremont, California.
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GM Looks to Increase Electric Hummer Production as Reservations Top 65,000, Exceeding Expectations
The Hummer EV pickup is currently on sale, but new orders would not likely be fulfilled until 2024 due to the number of reservations.
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Why Gas Prices Have Soared in America
Gas prices soared when Russia invaded Ukraine, but the U.S. produces more oil than any other country and imports little from Russia. Here is what happened.
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GM to Halt Pickup Truck Production in Indiana Due to Chip Shortage
GM will idle the plant, which produces Silverado and GMC Sierra pickups, the weeks of April 4 and April 11, the company said Friday.
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Chip Industry Under Threat With Neon Production Set to Fall Off a Cliff Following Russia's Invasion of Ukraine
The war in Ukraine could see the production of neon, a critical gas in advanced chip manufacturing, fall off a cliff.
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Electric Vehicle Start-Up Nikola Has Begun Production of Its First Battery-Electric Semitruck
The battery-electric version of the Tre is intended for shorter routes, with an estimated range of about 350 miles.
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Intel CEO Says Semiconductors Are Like Oil — Making More in U.S. Can Avoid Global Crises
“Oil reserves have defined geopolitics for the last five decades. Where the fabs [factories] are for a digital future is more important,” Intel’s Pat Gelsinger told CNBC.
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Stellantis, LG Energy Solution to Invest $4.1 Billion in Canadian EV Battery Plant
The new plant is part of the automaker’s plans to accelerate its EV investment to achieve sales of 5 million EVs globally by 2030.
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Buttigieg Says DOT Will Dole Out $2.9 Billion in Infrastructure Grants to States and Cities
Transportation Secretary Pete Buttigieg announced $2.9 billion for competitive grants designed to improve U.S. transportation infrastructure.
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Elon Musk Breaks Out the Dance Moves as He Opens New Tesla Factory in Germany
Elon Musk officially opened Tesla’s first manufacturing facility in Europe as the company looks to take pressure off its other factories in the U.S. and China.
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Ford F-150 Lightning's 320-Mile Range Beats Available Rivian Electric Pickups, But Lags GMC
The Ford F-150 Lightning pickup will have an electric range of up to 320 miles, according to final EPA estimates released Monday by the automaker.
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General Motors Is Creating an Import Business to Send Certain Iconic Vehicles to China
The business, which GM is calling a start-up within the company, will focus on vehicles and potentially brands that are currently not available in that market.
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Why Companies Spend Millions on Crash Test Dummies
The newest crash test dummies are huge investments running up to $1,000,000, but their maker says they will save so many more lives than older models.
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GM to Buy SoftBank's Stake in Cruise Self-Driving Unit for $2.1 Billion
GM is acquiring SoftBank Vision Fund 1’s equity ownership stake in its majority-owned Cruise autonomous vehicle unit for $2.1 billion.
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Toyota, Major Chip Supplier Suspend Production Due to Earthquake in Japan
The earthquake adds to already tumultuous times for the automotive industry involving supply chain problems due to Covid-19 and Russia’s invasion of Ukraine.
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Porsche Increases EV Targets, Confirms 911 Hybrid Sports Car
Porsche on Friday announced it expects 80% of its global sales to be all-electric vehicles by 2030.
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How the Russia-Ukraine War Could Hit China's Trade
China’s trade surplus could narrow to $238 billion this year – about 35% of the historic $676 billion attained last year, according to ANZ Research estimates.